Horacio Cartes is a Paraguayan businessman and the present President of Paraguay
@President of Paraguay, Birthday and Childhood
Horacio Cartes is a Paraguayan businessman and the present President of Paraguay
Horacio Cartes born at
He is married to María Montaña de Cartes and together they have three children - Sofia Cartes, Maria Sol Cartes and Juan Pablo Cartes.
He owns and controls virtually every business within one of the poorest countries in the world including the country’s largest cigarette and carbonated drink manufacturing companies.
He has re-established relationships with Brazil, Uruguay and Argentina - one of the many goals of his presidency.
He was born on July 5, 1956 as Horacio Manuel Cartes Jara in Asunción, Paraguay, to Ramón Telmo Cartes and Elva Jara.
His father, a very successful man in the field of aeronautics, wanted him to follow in his footsteps and pursue a career in the same field.
He attended the Spartan School of Aeronautics (currently known as the Spartan College of Aeronautics and Technology) located in the United States.
With advice from his father, he began internship with Cessna in Wichita, Kansas, United States.
In 1975, he returned to Paraguay and began his career as an entrepreneur and founded his first company.
In 1975, he founded a currency exchange company that would later be known as Banco Amambay.
He became the target of a currency fraud investigation for founding the currency exchange company under the dictatorial command of Alfredo Stroessner.
He spent over four years as a fugitive until his return to Asunción in 1986 where he was incarcerated for 60 days during the investigation of fraud charges.
The alleged fraud charges stemmed from making millions on bank loans that went through the money exchange to purchase farm equipment from the United States.
He served seven months incarceration in 1989 from the charges stemming from the currency exchange company.
He took charge as Paraguay’s President on August 15, 2013.
He was given new presidential powers by parliament to take military action against the Paraguayan People’s Army (EPP) within the first week of office.
As president, he is concerned with addressing the needs of the people and making Paraguay a new and improved country..
He started an emergency program of distributing kits of food to poor citizens to make sure they are receiving quality 2,200 calorie meals that are cheap.
He is trying to expand the emergency food program to include others but discourages any dependency on it.